GENERAL KNOWLEDGE

Detailed explanation-1: -Despite lower prices, iron ore remained Australia’s largest source of export revenue with $61.4 billion shipped in 2017-18. Coal exports were only just behind iron ore, reaching a new record high of $60.1 billion in 2017-18 – up 11 per cent or $5.9 billion from the previous year.

Detailed explanation-2: -Australia exported Bituminous coal, not agglomerated, worth US$ 43, 806, 958.87 million. Australia exported Natural gas, liquefied, worth US$ 19, 643, 398.59 million. Australia exported Gold in oth semi-manufactured forms, non-monetar, worth US$ 12, 993, 284.64 million.

Detailed explanation-3: -Iron ore was the leading resource and energy commodity exported from Australia. Sources revealed that the value of iron ore exported from Australia amounted to 133 billion Australian dollars in 2022. LNG followed with an export value of 70 billion Australian dollars in fiscal year 2022.

Detailed explanation-4: -Exports of Iron Ore & Concentrates in Australia averaged 2821.96 AUD Million from 1988 until 2022, reaching an all time high of 17637.00 AUD Million in June of 2021 and a record low of 108.00 AUD Million in December of 1988.

Detailed explanation-5: -Mineral fuels including oil ($87.7 billion-34.6% of the total exports) Bovine meat ($10.2 billion–4% of the total exports) Inorganic chemicals ($8.2 billion-3.2% of the total exports) Wheat and cereals ($4.9 billion-1.9% of the total exports)